Sharp Corp exploring stake sale in India unit
Sharp Corp exploring stake sale in India unit
The Japanese consumer electronics maker did not name any potential buyer.

Mumbai: Japanese consumer electronics maker Sharp Corp is exploring sale of its holding in the Indian unit, among other options, the unit said in a regulatory filing.

Sharp India Ltd has called a board meeting on Dec. 12 to permit the parent and potential buyers to conduct due diligence on the operations of the company, it said in the statement to the BSE stock exchange.

It did not name any potential buyer.

Sharp Corp owned 75 per cent of Sharp India as of end-September, according to stock exchange data.

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